What Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates Staff Working Paper 2010-5 Jean-Philippe Cayen, Donald Coletti, René Lalonde, Philipp Maier We use a novel approach to identify economic developments that drive exchange rates in the long run. Using a panel of six quarterly U.S. bilateral real exchange rates – Australia, Canada, the euro, Japan, New Zealand and the United Kingdom – over the 1980-2007 period, a dynamic factor model points to two common factors. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rates JEL Code(s): J, J3, J31
February 17, 2010 Bank of Canada Liquidity Facilities: Past, Present, and Future Remarks David Longworth C.D. Howe Institute Toronto, Ontario Thank you for inviting me here today. It is a pleasure to be with you. This afternoon, I would like to talk about liquidity and the role of the Bank of Canada. Content Type(s): Press, Speeches and appearances, Remarks
February 16, 2010 Results of the 16 February 2010 Term PRA Transaction The results of today's term PRA operations. Content Type(s): Press, Market notices
February 12, 2010 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 19 January (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation Content Type(s): Press, Market notices
February 10, 2010 Yield curves for zero-coupon bonds Yields on zero-coupon bonds, generated using pricing data on Government of Canada bonds and treasury bills.
February 10, 2010 Consumer price index 2000 to present: includes CPI-trim, CPI-median, and CPI-common as well as other “core” inflation measures.
February 10, 2010 Summary of key monetary policy variables Monthly data, with graphs and definitions.
February 10, 2010 U.S. interest rates: 10-year lookup U.S. Prime Rate Charged by Banks, Federal Funds Rate, Commercial Paper.